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Showing 1 - 2 of 2 results for "CoCos"

PIMCO launches bank capital fund

MARK SMITH  |  MONDAY, 28 SEP 2015
... allocation to the global financial sector through investments primarily in subordinated and contingent convertible bonds (CoCos), including Additional Tier 1 (AT1) bonds, which are part of new capital requirements by Basel III. It has the flexibility ...

Ratings downgrade to trigger hybrid sell-off

MARK SMITH  |  THURSDAY, 25 SEP 2014
... yield, their price would fall to $95-96." Swanger said the re-rating would affect the new generation of "equity hybrids" or "CoCos" (Contingent Convertibles) which were structured to allow banking regulators to convert them into equity in times of crisis ...
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